Union Bancaire Privee UBP SA Makes New $52,000 Investment in Carnival Co. & plc (NYSE:CCL)

Union Bancaire Privee UBP SA bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,085 shares of the company’s stock, valued at approximately $52,000.

A number of other large investors also recently added to or reduced their stakes in CCL. Hartford Investment Management Co. lifted its holdings in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after buying an additional 387 shares in the last quarter. Encompass Wealth Advisors LLC boosted its holdings in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares during the period. Avidian Wealth Enterprises LLC increased its position in Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after acquiring an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. Finally, Graypoint LLC grew its stake in shares of Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 0.4 %

CCL stock opened at $23.74 on Wednesday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a market cap of $27.63 billion, a P/E ratio of 17.08, a PEG ratio of 0.73 and a beta of 2.64. The company’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $22.37.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) earnings per share. As a group, equities analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CCL. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Bank of America upped their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho lifted their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Barclays increased their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.